Intrepid Potash, Inc. (NYSE:IPI – Get Free Report) was the recipient of a large decrease in short interest in the month of August. As of August 31st, there was short interest totalling 305,000 shares, a decrease of 8.1% from the August 15th total of 331,800 shares. Approximately 3.1% of the shares of the company are short sold. Based on an average daily volume of 68,600 shares, the short-interest ratio is currently 4.4 days.
Intrepid Potash Trading Down 3.3 %
IPI stock traded down $0.83 during trading on Wednesday, reaching $24.45. 76,335 shares of the stock were exchanged, compared to its average volume of 95,743. Intrepid Potash has a twelve month low of $17.52 and a twelve month high of $28.00. The company has a market capitalization of $324.43 million, a P/E ratio of -7.49 and a beta of 2.19. The stock has a 50 day simple moving average of $23.86 and a 200-day simple moving average of $22.92.
Intrepid Potash (NYSE:IPI – Get Free Report) last announced its quarterly earnings data on Monday, August 5th. The basic materials company reported ($0.06) earnings per share for the quarter, missing the consensus estimate of $0.02 by ($0.08). The firm had revenue of $62.06 million for the quarter, compared to analyst estimates of $50.88 million. Intrepid Potash had a negative return on equity of 2.02% and a negative net margin of 19.19%. During the same period in the previous year, the business posted $0.33 EPS. Equities analysts predict that Intrepid Potash will post 0.15 EPS for the current year.
Institutional Investors Weigh In On Intrepid Potash
About Intrepid Potash
Intrepid Potash, Inc, together with its subsidiaries, engages in the extraction and production of the potash in the United States and internationally. It operates through three segments: Potash, Trio, and Oilfield Solutions. The company offers muriate of potash for various markets, such as agricultural market as a fertilizer input; the industrial market as a component in drilling and fracturing fluids for oil and gas wells, as well as an input to other industrial processes; and the animal feed market as a nutrient supplement.
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